NewHold Investment Corp III (NHIC) is a blank check company incorporated on August 13, 2024, formed for the purpose of effecting a business combination. The company completed its Initial Public Offering (IPO) on March 3, 2025, raising $201,250,000 from 20,125,000 units at $10.00 per unit. Simultaneously, 780,100 Private Placement Units were sold to the Sponsor and underwriters for an aggregate of $7,801,000. An amount of $202,256,000 from the IPO and private placement was deposited into a Trust Account, which held approximately $209,220,000 as of December 31, 2025. For the year ended December 31, 2025, the company reported a net income of $4,918,000, primarily driven by $6,964,000 in interest income from the Trust Account. General and administrative expenses for 2025 totaled $2,090,000. The company has until March 3, 2027 (24 months from IPO closing) to complete an initial business combination, after which it will liquidate if unsuccessful. The independent auditor's report raises substantial doubt about the company's ability to continue as a going concern due to the mandatory liquidation date if a business combination is not completed. The company focuses on sourcing business combination opportunities with industrial technology businesses, particularly those aligned with 'Industry 4.0' themes.